Hero MotoCorp records 34.7% growth in April 2024, achieves 5.33 lakh unit sales

The sales trend in April highlights Hero MotoCorp's strong performance, particularly in the 125cc and 400+cc segments.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 May 2024 Views icon5674 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Hero MotoCorp records 34.7% growth in April 2024, achieves 5.33 lakh unit sales

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, reported robust sales figures for April 2024. The company sold 5.33 lakh units of motorcycles and scooters during the month, marking a significant 34.7% growth compared to April 2023, when it sold 3.96 lakh units. The company witnessed a growth of 9% over March 2024's sales of 4.90 lakh units.

The sales trend in April highlights Hero MotoCorp's strong performance, particularly in the 125cc and 400+cc segments. The Xtreme 125R is experiencing high demand nationwide, prompting the company to increase supplies to meet customer needs, Hero MotoCorp shared.

Hero MotoCorp has also started delivering its flagship product, the Mavrick 440, to customers across the country. Pawan Munjal, Executive Chairman, personally handed over the motorcycle to the first few customers in different locations in Delhi NCR. The initial response to the Mavrick 440 has been positive, and the expanding presence of Hero 2.0 and Premia outlets is enhancing accessibility nationwide.

Furthermore, Hero MotoCorp, in collaboration with its authorised distributor CG Motors, inaugurated a product assembly facility in Nepal during the month. The facility, with a capacity of 75,000 units per annum, will attract new investments and generate employment opportunities in the region. CG Motors plans to expand its sales and service network across Nepal to meet the growing demand from customers.

RELATED ARTICLES
PHF Leasing expands EV loan portfolio

auther Autocar Pro News Desk calendar27 May 2024

The company now offers loan products for the purchase of electric Cargo vehicles in the L5 Category, electric two-wheele...

Hyundai Motor India installs Chennai’s First 180 kW DC Fast Charging Station

auther Autocar Pro News Desk calendar27 May 2024

HMIL aims to set up 100 fast public charging stations in Tamil Nadu as part of its commitment to the state.

Recyclekaro amongst four Lithium-ion Battery Recyclers to be registered on India's EPR Portal

auther Autocar Pro News Desk calendar27 May 2024

The e-waste and lithium-ion battery recycling company joins Lohum Cleantech, Attero, and LICO Materials as one of the fo...